Business

WhatsApp co-founder Acton flags tensions with Zuckerberg

It also goes against the consensus view: Facebook's reputation as an acquirer has been generally great, especially if you're important enough - as the WhatsApp ...


US, Japan Working Toward Free-trade Agreement

President Donald Trump said at a summit with Japanese Prime Minister Shinzo Abe in NY on the sidelines of the U.N. General Assembly. He said that Japan ha...


Michael Kors Buys Fashion Label Versace for $2.2 Billion

Long Island-born Michael Kors launched his brand in 1981 and has built his empire selling aesthetics drawn from the American jet-set lifestyle. Investors ...


Goldman Sachs to 'disrupt' savings market with table-topping Marcus deal

It's worth pointing out that Marcus' rate comes with a 0.15% bonus for 12 months, but unusually, savers will be offered the chance to renew their bonus when it ...


McDonald’s removing artificial additives from its burgers

The fast-food giant has removed artificial preservatives from its American cheese, buns and Big Mac special sauce , a move that affects nearly two-thirds of it...


Air Force awards $9 billion contract to Boeing for new training jets

The Air Force expects to have signed off on initial operating capability by the fall of 2024 to then ramp up full-scale production. For Boeing's Arlington, Vi...


Stop meddling if you want cheap oil, Iran tells Trump

U.S. West Texas Intermediate (WTI) crude futures were at $72.41 a barrel, up 84 cents, or 1.2 percent from their last settlement. Meanwhile in the US, crude...


Tesla shares drop as analysts divided on Musk’s future with the company

The only thing possibly standing in the way of taking Tesla private was a shareholder vote. The future of Tesla looks increasingly uncertain, with United ...


Trump accuses China of meddling in midterm elections

CCG proposed in a new report - presented by the group's president, Wang Huiyao, at the Hudson Institute on Wednesday - around a dozen potential offers from Bei...


Nearly 50 million facebook users hit by security issue

VP of product management Guy Rosen said in a blog post that Facebook took swift action against the hackers, resetting access to the affected accounts and logg...


Hacker to delete Mark Zuckerberg FB account on live stream

As if planning for a video game stream, software bug bounty-hunter Chang Chi-yuan posted a Facebook event reminder on September 27, which mentioned his hacking ...


Google avoids answering questions about China censored app

But that's about all a Google executive was willing to divulge Wednesday about the codenamed plan, which has been widely reported to be a search product the...


Tesla stock price: Elon Musk sued by the SEC

The sticking point was likely that the deal would reportedly also have prohibited Musk from serving as Tesla's chairman for two years and required the company t...


Trump says he rejected Trudeau, again threatens Canadian-built vehicle tariffs

Canada, which sends 75 percent of its goods exports to the United States, is vulnerable. "Plan A, B, C and D is NAFTA ". He added that the negotiators have...


MSCI considering raising weighting of Chinese shares in indexes

This would be the first time mid-cap A-shares would be included in the main indices; the initial tranche were only large caps. This follows the inclusion of...


Ryanair says cancelling 190 flights over Friday strike

Around 30,000 Ryanair customers will suffer cancellations this Friday after cabin crew across six European countries launched a mass walkout. The low-priced c...


SEC charges Elon Musk with fraud

The Tesla CEO explained in an email to the board that he calculated the sum based on a 20 percent premium on that day's closing share price, which would have ...


Federal Reserve raises rates and says pace of increases will accelerate

The Fed's statement will likely strike a bullish tone on the economy yet again; the labor market is near full employment, jobless claims are at a 48-year ...


United States regulator alleges Elon Musk Tesla fraud

Tesla's stock dropped by more than 10 per cent in after-hours trading. "This unjustified action by the SEC leaves me deeply saddened and disappointed", Musk ...


USA 'dream' of halting Iran's oil exports won't come true: minister

It's unclear, however, how much other countries will follow suit once a second set of sanctions targeting Iran's oil sector take effect on 4 November. In the me...


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